What would happen if everything converted to Crypto tomorrow

originally posted by: underpass61
I never said they didn't.

Cross border transactions will be handled with the Ripple ledger and XRP

It won't be 'handled' by Ripple anything.

a reply to: AugustusMasonicus

XRP: Digital Asset for Real-Time Global Payments
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More partnerships are being announced weekly. Once the SEC gets off the pot with their stupid lawsuit, things will fall into place. Hopefully the Fed will ask for help with their own CBDC. Either way, Ripple will be running it all going forward.

Like it or not.

a reply to: underpass61

Let me know when the Federal Reserve decides to ditch FedCoin and FedPay for Ripple in 2000 and never.

a reply to: AugustusMasonicus

I never said they would.
Damn, you're dense.

originally posted by: underpass61
I never said they would.

You said this in regards my comment that FedCoin will eventually be required for all interbank transfers with US banks:

Cross border transactions will be handled with the Ripple ledger and XRP.

No, it won't.

a reply to: AugustusMasonicus

I did not. I responded to this:
"From what we've gathered in the initial discussions is that it's to stave off other countries compelling transactions to take place with their encryptions"

That sounds like cross-border payments to me. That's not what you meant?

originally posted by: underpass61
That sounds like cross-border payments to me.

With the United States.

All-State can! Whats in your wallet!?!

originally posted by: HODOSKE
i am no expert on the crypto but i hear my son and all his friends talking about it. My son who is just out of high school showed me how he made $99,000 in 2 weeks with crypto. He showed me his computer screen with all his money. I asked him if that was real. He said it is and he then said why do i need to get a job if i can make all this money in a few minutes in between playing video games. Mean while i am working 60 hours a week and it took me a life time to save the money he is making in a few weeks. I am told itis the future. BUt who knows. My son also buys the pictures online that look like pokeman cards and he says he makes money off of them. Seems so silly to me. But i am just a middle aged mom.. a reply to: JAGStorm

I’ve been playing the crypto game as well. Easy found money is easily lost money. My guess he made all that money back in late April/early may. Did he show you how much he lost by July? If you follow the value of the different currencies and overall market, he won’t have inevitable growth. To answer his question of why have a job- when markets crash and he still has bills to pay and has zero skills to offer he might see the value in holding some employment as well.

He’s probably not feeling that way right now after shiba inu had a 300% run a few weeks back and Bitcoin just reached new highs. It’s a good supplemental income and investment opportunity- not a livelihood.

a reply to: underpass61

www.yahoo.com...

Digital dollars: Should the U.S. have its own virtual currency?

Planting the seed

a reply to: JAGStorm

Oh it's happening. The U.S. better step up their program if they want to stay on top.
Luckily, we have the best technology the Fed just has to take advantage of it.

Federal Reserve Payments Pilot Incorporates Ripple Partner Volante Technologies